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Internet Banking and the Law in Europe - Regulation, Financial Integration and Electronic Commerce (Hardcover)
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Internet Banking and the Law in Europe - Regulation, Financial Integration and Electronic Commerce (Hardcover)
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The European Union has long sought to create a single financial
area across Europe where consumers in one country benefit from
financial markets and activities in other countries. With the
emergence of the Internet as a platform for the provision of online
banking services, the creation of a pan-European market for banking
services appeared a realistic proposition. In practice, however,
this has not happened. This book asks why and argues that the
creation of banking markets via the Internet relies on both
available technologies and appropriate laws and regulations. The
institutional and legal framework for online banking services in
the single European market are examined, as is the level of legal
harmonization achieved in the UK, France and Germany under the
influence of the EU Directives pertaining to online banking
activities.
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